11/12/2021 17:15 (UTC)

Kazakhstan becomes world’s second largest Bitcoin mining country after Chinese government ban

Nur-Sultan, Dec 10 (EFE), (Camera: Kulpash Konyrova/Aliakpar Kadyrbaev).- Kazakhstan has gained ground in cryptocurrency mining to become the second largest producer in the world, after China, which was the largest, banned the activity, forcing mining companies into exile.

"This is due to the actions of the Chinese government, which banned cryptocurrency mining and markets. This led to a large number of mining farms moving from China to Kazakhstan," Sapar Akhmetov, a representative of the Association of Blockchain Technologies in the Central Asian nation, told Efe.

Metadata

Date: 11/12/2021 12:00 (UTC)
Credit: EFE
Source: EFE
Topic: Science and technology
Economy, business and finance
Type: Ready-to-use w/ voice over
Duration: 109 seconds
Reference: 7001128596
Relevance: Normal